Following the initial meltdown, this cryptocurrency pair was able to recover into the top range of its short-term resistance zone. The advance was fueled by a short-covering rally, and demand from retail traders. Institutional selling pressure collapsed the entire sector, driven by the capital needs of portfolio managers. The sell-off in global equities provided the spark for the massive contraction. Bullish momentum in the BTC/USD is fading, leaving price action vulnerable to a renewed breakdown. The Force Index, a next-generation technical indicator, points towards the rise in bearish momentum. Two lower highs led ... (full story)